Warehouse Facilities Collateralized by U.S. Government Sponsored Enterprises (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Company Lines Available and Borrowings Outstanding

As of December 31, 2019, Newmark had the following lines available and borrowings outstanding (in thousands):



	Committed Lines		Uncommitted Lines		Balance at December 31, 2019		Stated Spread to One Month LIBOR	Rate Type
Warehouse facility due June 17, 2020⁽¹⁾	$	450,000	$	—	$	16,759	115 bps	Variable
Warehouse facility due June 17, 2020	—		300,000		—		110 bps	Variable
Warehouse facility due September 25, 2020	200,000		—		8,097		115 bps	Variable
Warehouse facility due October 9, 2020⁽²⁾	400,000		—		34,125		115 bps	Variable
Fannie Mae repurchase agreement, open maturity	—		400,000		150,667		105 bps	Variable
Total	$	1,050,000	$	700,000	$	209,648


⁽¹⁾	The warehouse line was temporarily increased by $350.0 million to $800.0 million for the period January 13, 2020 to March 30, 2020.


⁽²⁾	The warehouse line was temporarily increased by $100.0 million to $500.0 million for the period January 29, 2020 to March 13, 2020.

As of December 31, 2018, Newmark had the following lines available and borrowings outstanding (in thousands):



	Committed Lines		Uncommitted Lines		Balance at December 31, 2018		Stated Spread to One Month LIBOR	Rate Type
Warehouse facility due June 20, 2019	$	450,000	—		$	413,063	120 bps	Variable
Warehouse facility due September 25, 2019	200,000		—		113,452		120 bps	Variable
Warehouse facility due October 10, 2019⁽¹⁾	1,000,000		—		416,373		120 bps	Variable
Fannie Mae repurchase agreement, open maturity	—		325,000		29,499		115 bps	Variable
Total	$	1,650,000	$	325,000	$	972,387

⁽¹⁾

The warehouse line was temporarily increased by $700.0 million to $1.0 billion for the period of November 30, 2018 to January 29, 2019. On January 29, 2019, the temporary increase was decreased by $400.0 million to $300.0 million for the period January 29, 2019 to April 1, 2019.